Rahm Rejects LIV Golf 2.0 as Bankruptcy Court Saga Deepens

Jon Rahm, the biggest star and largest creditor in LIV Golf's bankruptcy case, has walked away from the league's proposed relaunch.

Rahm's attorney told a U.S. Bankruptcy Court hearing on Tuesday that the two-time major champion had reviewed the proposed terms of LIV Golf 2.0 and found them unacceptable, confirming he will not take part in the revamped competition. The statement lands at a critical moment for the league, whose entire restructuring plan depends on persuading its players to accept ownership stakes in the new model.

The Spaniard's position carries outsized weight. He is the largest individual claimant among the creditors involved in the Chapter 11 proceedings, and his attorney said Rahm is now in advanced discussions with LIV over a separation agreement ahead of a November 5 deadline set by the court. Rahm and Bryson DeChambeau were the league's two biggest draws and its largest creditors, so his refusal raises fresh doubts over whether enough relevant players will commit to the new structure in the coming weeks.

The investment group BC Partners, which is working with LIV to build the next version of the league, has already pushed the player commitment deadline to October 25, with a package reportedly involving a $300 million investment, a shortened schedule with smaller purses, and a 52.5 percent equity share for players. Rahm's exit suggests those terms are not winning over everyone.